1001 W Myrtle Santa Ana, CA 92703
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26209173
Construction Status Building Permit,Updated/Remodeled,Turnkey
HOA Y/N No
Year Built 1987
Annual Tax Amount $12,906
Lot Size 9,583 Sqft
Property Sub-Type Single Family Residence
Property Description
• A versatile investment opportunity
• STRONG Existing Rental Income — Stable Tenants
• HIGH VALUE — Unusually strong income for its unit count, over 6% CAP Rate. with over $107,700 in current annual gross income, plus additional laundry and garage income
• LARGER BUILDING — One of the MOST COMPETITIVELY PRICED small multifamily properties by $/SF
• ONE OF THE LARGER LOTS among comparable properties — approximately 9,583 SF, PROVIDING substantially more land
• 5 garages / plus additional parking spaces on the LOT
• Documented ADU / VALUE_ADD potential — Stamped plans available for review
• AMPLE LAND + Multiple avenues for FUTURE value creation
• RARE DETACHED MULTIFAMILY CONFIGURATION — No shared walls, No one ABOVE OR BELOW, providing PRIVACY • Stong tenant appeal & Rental demand
• Separate utility meters
• LIVE IN ONE • RENT THE OTHERS • OR INVEST FOR CASH FLOW
• COMPLETELY REMODELED IN 2022 — New EVERTHING: Double pane windows, flooring, kitchen cabinets, countertops, bathroom vanities and tubs
• 10 ROOMS • 3 FULL BATHS • 2 FULL KITCHENS
• Virtually staged / AI - generated images
• Existing garage structures provide a documented pathway for potential future ADU conversion • Please see Supplements for permits, plans and supporting documentation.
• Prime Central Location Strategically positioned • CLOSE to Tustin and Orange borders, with convenient access to major freeways, employment centers, shopping, dining, and schools
SHOWING: Tenant Occupied — DRIVE-BY ONLY.
Showings by appointment upon receipt of a complete offer package.
Location
State CA
County Orange
Area 69 - Santa Ana South Of First
Zoning R2
Interior
Interior Features Granite Counters, Multiple Staircases, Open Floorplan, Quartz Counters, Bedroom on Main Level, Loft, Main Level Primary
Heating None
Cooling None
Flooring Laminate, Tile, Vinyl
Fireplaces Type None
Fireplace No
Appliance Electric Cooktop, Electric Oven, Electric Range, Gas Range, Tankless Water Heater, Water Heater
Laundry Common Area, Laundry Room
Exterior
Parking Features Door-Multi, Door-Single, Garage, On Site, Oversized, Private, On Street
Garage Spaces 5.0
Garage Description 5.0
Fence Block
Pool None
Community Features Sidewalks
Utilities Available Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
View Y/N No
View None
Accessibility Parking
Total Parking Spaces 14
Private Pool No
Building
Lot Description 2-5 Units/Acre
Story 2
Entry Level One,Two
Sewer Public Sewer
Water Public
Level or Stories One, Two
New Construction No
Construction Status Building Permit,Updated/Remodeled,Turnkey
Others
Senior Community No
Tax ID 00824142
Security Features Carbon Monoxide Detector(s),Smoke Detector(s)
Acceptable Financing 1031 Exchange
Listing Terms 1031 Exchange
Special Listing Condition Standard
NEARBY SCHOOL & BUSINESS
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